China launches latest guidelines to deepen SOE reforms

Global Business

China has released latest guidelines to deepen reforms of state-owned enterprises. The SOE reform plan emphasized the major purposes of the reform.

The State Council Information Office held a press conference today, inviting officials from state-owned Assets Supervision and Administration Commission, National Development and Reform Commission, and related ministries, to explain the guidelines that were launched last night.

CCTV’s Yang Zhao filed this report from Beijing.

China launches latest guidelines to deepen SOE reforms

China launches latest guidelines to deepen SOE reforms

China has released latest guidelines to deepen reforms of state-owned enterprises. The SOE reform plan emphasized the major purposes of the reform. The State Council Information Office held a press conference today, inviting officials from state-owned Assets Supervision and Administration Commission, National Development and Reform Commission, and related ministries, to explain the guidelines that were launched last night.CCTV's Yang Zhao filed this report from Beijing.

More details:

The purpose of the SOE reform plan is to enhance leadership of the party in the SOEs, and to make the SOEs more robust, influential and with greater ability to avoid risks. To achieve that goal, China will modernize SOEs and promote mixed ownership.

In addition to the areas with full competition, the government will introduce projects for non state-owned capital in areas with high access threshold, including energy, transportation, telecommunication and public utilities. SOEs designed for pubic benefit can remain solely owned by state capital but encourage other capital to participate in operation.

Key of China’s SOE reforms: details, execution and coordination

The long-awaited guidelines to SOE reforms is a comprehensive overhaul of how state companies are owned, managed, and supervised. But how will the 20-page document spark a transformation of China’s under-performing state sector?

CCTV’s Cheng Lei filed this report from Beijing.

Key of China\'s SOE reforms: details, execution and coordination

Key of China\'s SOE reforms: details, execution and coordination

The long-awaited guidelines to SOE reforms is a comprehensive overhaul of how state companies are owned, managed, and supervised. But how will the 20-page document spark a transformation of China's under-performing state sector? CCTV's Cheng Lei filed this report from Beijing.

Joseph Foudy on China’s SOE reforms

To find out more on how China is going to carry out the reforms and what could this mean to the country’s economy, CCTV America spoke to Joseph Foudy, clinical associate professor of Economics at NYU’s Stern School of Business.

Joseph Foudy on China\'s SOE reforms

Joseph Foudy on China\'s SOE reforms

To find out more on how China is going to carry out the reforms and what could this mean to the country's economy, CCTV America spoke to Joseph Foudy, clinical associate professor of Economics at NYU’s Stern School of Business.

Yukon Huang on China’s SOE reforms

For more on China’s SOE reforms, CCTV is joined by Yukon Huang, Senior Associate in the Carnegie Asia Program, Carnegie Endowment for International Peace.

Yukon Huang on China\'s SOE reforms

Yukon Huang on China\'s SOE reforms

For more on China's SOE reforms, CCTV is joined by Yukon Huang, Senior Associate in the Carnegie Asia Program, Carnegie Endowment for International Peace.